The gold market is seeing some buyers step in this week as the Dollar Index comes under renewed pressure. In addition to the weaker dollar on Tuesday, gold also likely got a bounce higher from stronger crude oil which traded over $60 per barrel Tuesday. The gold market has continued to hold off recent […]
The gold market kicked off the new trading week on a strong note Monday. Spot gold prices gained nearly $26 per ounce as a combination of short covering and bargain hunting fueled buying interest in the metal. The price of gold hit a multi-month low on Friday. The weakness to end last week provided […]
The gold market may see continued buying interest on Tuesday as the trading week gets underway. Monday saw little action as U.S. markets were closed in observance of the Presidents Day Holiday. As traders and investors return, the focus for markets is likely to be centered around equity markets, the threat of rising inflation and […]
The financial world may be looking to get back to business now that the Biden Administration has taken office and Donald Trump has left without further fight. That being said, investors are likely to focus their attention on the ongoing viral pandemic as well as efforts to distribute a vaccine for the virus. In addition, […]
As the trading gets underway for the new year, several key themes are likely to drive price action. Some of these themes have already made themselves evident, while others have yet to garner significant attention. The gold market may look to stabilize in the near-term and to give the bulls more reasons to buy. Recent […]
As the New Year gets underway, the markets could become increasingly vulnerable to heightened volatility and sell-offs. Although equity markets ended the year on a strong note, their first trading day of 2021 was not impressive. As stocks declined on the first trading day of the year, gold prices rose sharply in what could become […]
The gold market started this trading week off on the right foot, adding nearly $30 per ounce for the session. The buying was likely based on a slight increase in global risk aversion as well as some positivity on the daily chart. The stress of the ongoing COVID-19 pandemic continues to wreak havoc on […]
The gold market may see some tough sailing ahead. A smooth presidential transition hopes for the COVID-19 vaccine and an accommodating Fed could all keep investors’ eyes on the equity markets while lessening the desire for perceived safe haven asset classes such as gold. With just a few short weeks left in the trading year, […]
This week could be a critical one for the gold market as numerous issues could come to a head. The yellow metal began the trading week losing gains seen in overnight action as a new vaccine for COVID-19 was reported to be nearly 95% effective. Traders and investors eagerly stepped in to buy the dip, […]
Over the last weekend, news media determined that Democratic candidate Joe Biden had won the U.S. Presidency. After waiting since Tuesday for election results, the population and investors were extremely pleased to hear that a result had been reached. Markets opened the week up sharply, with the benchmark Dow Jones Industrial Average finishing higher by […]
CAD ($)
USD ($)
